Kenya’s trade deficit persists despite slowdown in imports growth

Kenya has made penetration of value-added farm produce such as tea, coffee and fruits to China and India a priority. FILE PHOTO | NMG

Kenya’s trade deficit widened by marginal 1.2 percent last year due to a slowdown in demand for imports compared to 2017 amid a slight growth in exports.

The deficit — the gap between imports and exports — climbed to Sh1.145 trillion in 12 months through December 2018 from Sh1.13 trillion a year earlier, fresh statistics Central Bank of Kenya released late Wednesday show.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.